Adam VanWagner - 22 Sep 2021 Form 4 Insider Report for Fusion Acquisition Corp. (ML)

Role
General Counsel
Signature
/s/ Adam VanWagner
Issuer symbol
ML
Transactions as of
22 Sep 2021
Net transactions value
-$750,008
Form type
4
Filing time
24 Sep 2021, 20:30:08 UTC
Next filing
18 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ML Class A Common Stock Options Exercise $2,030 +5,972 $0.3400 5,972 22 Sep 2021 Direct
transaction ML Class A Common Stock Options Exercise $3,282 +8,204 +137% $0.4000 14,176 22 Sep 2021 Direct
transaction ML Class A Common Stock Options Exercise $38,470 +65,203 +460% $0.5900 79,379 22 Sep 2021 Direct
transaction ML Class A Common Stock Disposed to Issuer $793,790 -79,379 -100% $10.00 0 22 Sep 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ML Stock Options (Right to Buy) Award $0 +8,203 $0.000000 8,203 22 Sep 2021 Class A Common Stock 8,203 $0.3400 Direct F2
transaction ML Stock Options (Right to Buy) Options Exercise $0 -5,972 -73% $0.000000 2,231 22 Sep 2021 Class A Common Stock 5,972 $0.3400 Direct F1
transaction ML Stock Options (Right to Buy) Award $0 +16,408 $0.000000 16,408 22 Sep 2021 Class A Common Stock 16,408 $0.4000 Direct F3
transaction ML Stock Options (Right to Buy) Options Exercise $0 -8,204 -50% $0.000000 8,204 22 Sep 2021 Class A Common Stock 8,204 $0.4000 Direct F1
transaction ML Stock Options (Right to Buy) Award $0 +139,466 $0.000000 139,466 22 Sep 2021 Class A Common Stock 139,466 $0.5900 Direct F4
transaction ML Stock Options (Right to Buy) Options Exercise $0 -65,203 -47% $0.000000 74,263 22 Sep 2021 Class A Common Stock 65,203 $0.5900 Direct F1
transaction ML Stock Options (Right to Buy) Award $0 +164,078 $0.000000 164,078 22 Sep 2021 Class A Common Stock 164,078 $2.58 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the Issuer's business combination (the "Business Combination") with MoneyLion Inc., now known as MoneyLion Technologies Inc. ("Legacy ML") in accordance with the terms of the Agreement and Plan of Merger, dated February 11, 2021, as amended on June 28, 2021 and September 4, 2021, by and among the Issuer (f/k/a Fusion Acquisition Corp.), ML Merger Sub Inc. ("Merger Sub") and Legacy ML (the "Merger Agreement"), pursuant to which Merger Sub merged with and into Legacy ML, with Legacy ML surviving the merger as a wholly-owned subsidiary of the Issuer, the Reporting Person exercised options which such resulting shares of Class A Common Stock were simultaneously acquired by the Issuer.
F2 The option vests 25% on the first anniversary of October 1, 2018 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F3 The option vests 25% on the first anniversary of September 21, 2019 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock.
F4 The option vests 25% on the first anniversary of May 1, 2020 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock. In connection with the Business Combination, the Issuer accelerated the vesting of 18,720 of these options and the remainder of the options will continue to vest on the initial vesting schedule.
F5 The option vests 25% on the first anniversary of February 1, 2021 and in equal monthly installments thereafter until it is fully vested on the fourth anniversary of such date. The stock option was received in the Business Combination in exchange for a stock option to acquire shares of Legacy ML common stock. In connection with the Business Combination, the Issuer accelerated the vesting of 34,195 of these options and the remainder of the options will continue to vest on the initial vesting schedule.